8-K

                            FORM 8-K

        UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549


                            FORM 8-K
                         CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                              1934


                        November 11, 1999
        (Date of Report, date of earliest event reported)


                       Stage Stores, Inc.
     (Exact name of registrant as specified in its charter)


             Commission file number 001-14035



           DELAWARE                         76-0407711
(State or other jurisdiction of          (I.R.S. Employer
incorporation or organization)         Identifications No.)

  10201 Main Street, Houston,                 77025
             Texas                          (Zip Code)
(Address of principal executive
           offices)


                         (713) 667-5601
      (Registrant's telephone number, including area code)


                         Not Applicable
     (Former name or address, if changed since last report)


ITEM 5.  Other Events.

     A  press release regarding the Company's completion  of  the
refinancing of its accounts receivable program and certain  other
matters  was  issued by the Company on November 11, 1999  and  is
attached hereto as Exhibit 99.1.

ITEM 7.  Financial Statements and Exhibits.

     (a)  Financial statements of business acquired.

       Not applicable.

     (b)  Pro forma financial information.

       Not applicable.

     (c)  Exhibits.

       99.1  Press release dated November 11, 1999 issued by the
       Company.



                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange  Act
of  1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

                                        STAGE STORES, INC.

November 11, 1999                       /s/ James A. Marcum
 (Date)                                 James A. Marcum
                                        Vice Chairman and,
                                        Chief Financial Officer

EX-99.1

                                            Exhibit 99.1

NEWS RELEASE

CONTACT:
Bob Aronson
Director of Investor Relations
(800) 579-2302

FOR IMMEDIATE RELEASE

   STAGE STORES, INC. ANNOUNCES COMPLETION OF THE REFINANCING
               OF ITS ACCOUNTS RECEIVABLE PROGRAM

    HOUSTON, TX, November 11, 1999 -- Stage Stores, Inc. (NYSE: SGE)
announced today the completion of a comprehensive refinancing  of
its  accounts  receivable program.  The purpose of  the  accounts
receivable program, which was established in 1993, is to  provide
for  an  efficient  vehicle to monetize the  accounts  receivable
generated under the Company's private label credit card  program,
thereby  providing  a  key source of working  capital.   The  net
impact of this transaction is to increase the availability  under
the  accounts  receivable  program by $8.0  million  during  peak
borrowing periods.

    In connection with this transaction,  the  Company's  special
purpose  off-balance  sheet  trust  (the  "Trust")  replaced  the
previously existing term and revolving certificates with new term
and  revolving  certificates (the "New Certificates").   The  New
Certificates  provide the Company with a maximum availability  of
$329.9 million, subject to the amount of receivables held in  the
Trust.  Based upon the amount of receivables in the Trust at  the
time  of  closing,  the  Company  received  approximately  $290.0
million  of  proceeds.   Of  this  amount,  approximately  $260.0
million  was  used to retire the outstanding balances  under  the
previously   existing  Trust  certificates,  which   would   have
otherwise  begun to amortize in December of 1999.  The  remainder
of the proceeds were used to redeem the previously existing $30.0
million  aggregate  principal amount of SRI Receivables  Purchase
Co.,  Inc.  ("SRPC")  12.5% Trust Certificate-Backed  Notes  (the
"SRPC  Notes")  which  were included in  long-term  debt  on  the
Company's   Consolidated  Financial  Statements.   SRPC   is   an
indirect,  wholly-owned subsidiary of the Company.   Accordingly,
this  transaction  has  enabled Stage to reduce  its  outstanding
consolidated long-term indebtedness by $30.0 million.

    James A. Marcum, Vice Chairman and Chief  Financial  Officer,
commented, "We are pleased to have completed this transaction  as
it  continues to provide the Company with a long term  source  of
financing for the accounts receivable generated under our private
label  credit card program.  Our accounts receivable program  has
been  an important part of our capital structure since 1993,  and
this transaction allows the program to  continue  to  serve  that
function.  The New Certificates provide the Company  with  better
advance  rates than the replaced certificates and, as  a  result,
the  New  Certificates, after the redemption of the  SRPC  Notes,
will  provide  the  Company with an additional  $8.0  million  of
availability  during peak borrowing periods.   Furthermore,  with
the  redemption of the SRPC Notes, the long-term debt as reported
in  the Consolidated Financial Statements of the Company will  be
reduced  by  $30.0  million and our debt to capitalization  ratio
will improve accordingly."

    In connection with this transaction, the  Company expects  to
record  a  $1.3  million after-tax extraordinary  charge  in  the
fourth quarter of 1999, the majority of which is non-cash.

    The securities issued in the financing were not and will not be
registered with the Securities and Exchange Commission under  the
Securities  Act of 1933.  The securities may not  be  offered  or
sold  in the United States absent registration under such Act  or
an applicable exemption therefrom.

    Stage Stores, Inc. brings nationally  recognized  brand  name
apparel,  accessories,  cosmetics and  footwear  for  the  entire
family  to  small  towns  and communities throughout  the  United
States.  The company operated 654 stores in 33 states at the  end
of  the  third  quarter, primarily under the  Stage,  Bealls  and
Palais Royal trade names.

    Any statements in this press release that may  be  considered
forward-looking statements are subject to risks and uncertainties
that  could  cause  actual results to differ  materially.   These
risks  and uncertainties are discussed in periodic reports  filed
by  the Company with the Securities and Exchange Commission  that
the Company urges investors to consider.
                      #         #         #